THIS USER ASKED 👇
Compared to a competitive labor market workers participating in an inclusive union will enjoy:.A. Higher wages and more workers employed. B. Higher wages and fewer workers employed. C. Similar outcomes with respect to pay and employment.
THIS IS THE BEST ANSWER 👇
.B. Higher wages and fewer employed workers.
All workers in industry will be in an inclusive union. This means that the Union will have significant bargaining power with the companies in this industry. As a result they will seek greater employee benefits that include higher pay.
Higher wages will mean an increase in the cost of production for companies because labor is an input into production. With this increase in the cost of production, producers will seek to reduce their costs and employ fewer workers resulting in higher wages for this industry and fewer employed workers.
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